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Wal-Mart's Infill Strategy?

Posted by: Chris Steins
Thanks to: The Practice of New Urbanism
25 June 2003 - 9:00am

Wal-Mart builds a 3-story store inside a vacant department store at an enclosed mall in a dense Los Angeles neighborhood.

"The Bentonville, Ark.-based retailer, now the largest in the world, started in rural towns, moved into the suburbs in the 1980s and 1990s, and now is inching into the nation's largest cities... The decision to locate at Baldwin Hills Crenshaw Plaza indicates Wal-Mart's willingness to alter its prototype to penetrate a dense urban market... Given an attractive location such as Baldwin Hills, Wal-Mart will occasionally forego its traditional building program and retrofit an existing location."

Full Story: Wal-Mart's Next Frontier?
Source: National Real Estate Investor, July 1, 2003
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The decision to abandon a property is a symptom of the loss of confidence. And while abandonment certainly affects confidence among surrounding homeowners, the most important question to answer is not "how do we deal with abandoned properties?" but "what is the most cost-effective way to restore market confidence, and how do abandoned properties fit into that picture?"
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